is anyone out there, page-8

neoteric - agree wholly.

did some work on OCL recently and decided to get on board. i believe the price-to-operating cash flow of ~5x is extremely attractive, particularly given this is after their big R&D expense.

demand for their product will only grow, as State/Local Govt departments continue to "go digital".
agree it has been missed by analysts, the liquidity issue is probably a big factor in my opinion.

my only worry is the revenue model appears to be an annual license, rather than a subscription model. SaaS and subscription tend to go hand-in-hand, and the big boys are moving in that direction (Adobe, Oralce, Xero.....)